Living in Elizabeth, Colorado
Cost of living, income, home prices, rent and demographics of Elizabeth · Census data 2020–2024
Elizabeth has 2,244 residents with a median age of 32.7. The median household income is $112,986 (18% higher than the Colorado median), the median home value is $475,900, the median rent is $1,808/month.
Elizabeth at a glance
- Population
- 2,244
- Median age
- 32.7State: 37.7
- Median household income
- $112,986State: $95,470
- Median home value
- $475,900State: $539,400
- Median rent
- $1,808/moState: $1,761
- Homeowners
- 94.2%
- Bachelor's degree or higher
- 46.8%
- Average commute
- 40 min
Is Elizabeth a good place to live?
Pros: Median household income 18% higher than the Colorado median; home values 12% lower than the state median; unemployment of 2.4%; a poverty rate of 2%.
Cons: An average commute of 40 minutes.
The weather is best in June to September.
Cost of living in Elizabeth
Housing is the biggest part of the cost of living. In Elizabeth the median home value is $475,900, 43% higher than the U.S. median. Renters pay a median of $1,808 per month, which is 19.5% of household income. Homeowners with a mortgage pay $2,533 a month in housing costs.
Elizabeth median household income
The median household income in Elizabeth is $112,986 and the income per person is $43,898. 2% of residents live below the poverty line (Colorado: 9.4%).
Housing in Elizabeth: homes for sale and rent
- Housing units
- 812
- Owner-occupied
- 94.2%
- Renter-occupied
- 5.8%
- Vacant
- 2%Includes seasonal homes
- Median year built
- 1999
- Average household size
- 2.81
Elizabeth demographics
- Population
- 2,244
- Median age
- 32.7
- Under 18
- 24.6%
- 65 and older
- 15%
- Households
- 796
- Foreign-born
- 2.4%
- Veterans
- 9%Adults 18+
Hispanic or Latino can be of any race. Population history of Elizabeth ›
Education in Elizabeth
46.8% of adults 25 and older in Elizabeth have a bachelor's degree or higher (Colorado: 45.7%), and 9.1% have a graduate or professional degree.
Jobs and commute in Elizabeth
- Unemployment rate
- 2.4%State: 4.6%
- Average commute
- 40 minState: 25 min
- Work from home
- 11.2%
- Drive alone
- 73%
- Public transit
- 0%
- Walk to work
- 3.3%
- Homes with broadband
- 99.5%
Elizabeth vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elizabeth | 2,244 | $112,986 | $475,900 | $1,808 |
| Ponderosa Park | 3,453 | $132,154 | $704,000 | — |
| Franktown | 472 | $250,001 | $1,398,300 | — |
| Kiowa | 673 | $92,625 | $367,000 | $1,183 |
| The Pinery | 11,871 | $194,446 | $791,100 | $2,910 |
| Elbert | 164 | $69,167 | $327,100 | $1,234 |
| Castle Rock | 79,123 | $145,197 | $652,900 | $2,000 |
| Parker | 61,783 | $133,369 | $646,300 | $2,096 |
| Stepping Stone | 3,137 | $223,839 | $785,700 | — |
More for people moving to Elizabeth
Elizabeth ZIP code ›Weather and climate ›Living in Elizabeth: FAQ
What is the median household income in Elizabeth, CO?
The median household income in Elizabeth is $112,986, 18% higher than the Colorado median of $95,470 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elizabeth?
The median home value in Elizabeth is $475,900, compared with $539,400 in Colorado.
How much is rent in Elizabeth?
The median gross rent in Elizabeth is $1,808 per month, about 19.5% of household income.
Is Elizabeth, CO a good place to live?
Pluses: median household income 18% higher than the Colorado median; home values 12% lower than the state median; unemployment of 2.4%; a poverty rate of 2%. Minuses: an average commute of 40 minutes.
What is the median age in Elizabeth?
The median age in Elizabeth is 32.7 years (Colorado: 37.7).
How long is the commute in Elizabeth?
The average commute to work in Elizabeth is 40 minutes; 11.2% of workers work from home.
What is the unemployment rate in Elizabeth?
The unemployment rate in Elizabeth is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elizabeth?
46.8% of adults in Elizabeth have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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